7.28.26 - Gold Must Go Higher?

7.28.26 - Gold Must Go Higher?

Gold last traded at $4,023 an ounce. Silver at $57.08 an ounce.

Gold Must Go Higher! -King World News

Otavio Costa: Gold vs. global money supply.

Arguably one of the most important macro divergences in the world today.

Massive Chasm Between Global Money Supply vs Gold. Since We Know Money Supply Won't Shrink, Gold Must Go Higher!

Long-term minded investors know what to do here.

Fred Hickey: Ruh ro! Middle East war escalating with no end in sight (along with U.S. government spending). Oil prices quickly heading to $100 a barrel and "products" prices (gasoline, diesel) jumping too. Investors beginning to sour on the hyperscalers' ginormous datacenter spending binges (with no proof of returns on investment). Bond yields climbing to dangerous levels that could start breaking things - including the "basis trade."

Reversal of the hedge funds' basis trade is a potentially (mostly hidden to investors) time bomb: "The dynamic, should it continue, has the potential to shake up the $31 trillion (US Treasury) market, which in recent years has increasingly relied on hedge funds to provide the liquidity to keep markets operating smoothly."

Methinks the stock market's Invince-a-bulls' complacency may be tested in the coming days and weeks. Buckle up!.